Canadian National Railway Co (TSX:CNR) Cash-to-Debt

: 0.03 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Canadian National Railway Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Canadian National Railway Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Canadian National Railway Co's Cash-to-Debt or its related term are showing as below:

TSX:CNR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.07
Current: 0.03

During the past 13 years, Canadian National Railway Co's highest Cash to Debt Ratio was 0.07. The lowest was 0.00. And the median was 0.02.

TSX:CNR's Cash-to-Debt is ranked worse than
95.97% of 968 companies
in the Transportation industry
Industry Median: 0.49 vs TSX:CNR: 0.03

Canadian National Railway Co Cash-to-Debt Historical Data

The historical data trend for Canadian National Railway Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Canadian National Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

0.07

0.02

0.03

Canadian National Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.02	0.03	0.03	0.03	0.03

Competitive Comparison

For the Railroads subindustry, Canadian National Railway Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian National Railway Co Cash-to-Debt Distribution

For the Transportation industry and Industrials sector, Canadian National Railway Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Cash-to-Debt falls into.

Canadian National Railway Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Canadian National Railway Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	475	/	(2457	+	16431)
	=	0.03

Canadian National Railway Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	475	/	(2457	+	16431)
	=	0.03

Canadian National Railway Co (TSX:CNR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Canadian National Railway Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Canadian National Railway Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian National Railway Co (TSX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian National Railway Co (TSX:CNR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CNI:USA CNI:Mexico CY2:Germany CNIC34:Brazil

Address

935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9

Website

https://www.cn.ca

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.

Canadian National Railway Co (TSX:CNR) Headlines

No Headlines